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Wednesday, 03/27/2024 8:08:14 AM

Wednesday, March 27, 2024 8:08:14 AM

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After a six-month trial, SWIFT unveiled multiple uses for its pioneering CBDC solution, which is not a CBDC itself but a connector to facilitate interactions between existing CBDCs. Essentially, the solution uses DLT and smart contracts to ensure trustworthy transactions, with potential applications in digital commerce, securities, and more. This significant test involved 38 institutions and over 750 transactions, marking it as one of the largest CBDC experiments to date.

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